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Gas Tax

Discussion in 'Political Debate & Discussion' started by Salty, Feb 15, 2013.

  1. Salty

    Salty 20,000 Posts Club
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  2. InTheLight

    InTheLight Well-Known Member
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    About 3 times the amount the oil companies make in profit per gallon.
     
  3. Salty

    Salty 20,000 Posts Club
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    For the sake of aurgument - Gas is $4 per gallon - .50 of tax = $3.50. How much of that 3.50 is actualy Net profit - (not gross profit)

    Lets hear the whole story.

    The net profit is about 7 cents per gallon! Which means that direct taxes is about 7 times that of the oil company profit.
    Keep in mind other taxes the company must pay ( property, FICA, income, ect) is added to the price of the gas.
     
  4. InTheLight

    InTheLight Well-Known Member
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    Consider the source--ExxonMobil. I believe that is old information.

    After Katrina, in the summer when gas went over $4.00 a gallon, there were several stories about how the oil companies had doubled their gross profit per gallon, up from 7-8 cents a gallon to 15 cents a gallon.
     
  5. just-want-peace

    just-want-peace Well-Known Member
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    And as much as I hate the price of gas, I just wonder how much of the "several stories" are liberal generated????
    Sorta like the plethora of "assault" weapons on the street.
     
  6. Salty

    Salty 20,000 Posts Club
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    In that case, shed some Light with an up to date link

    Salty

    PS even if 15 cents/gallon NET profit is only 1/4 of the direct taxes per gallon of gas; not 300 %
     
  7. InTheLight

    InTheLight Well-Known Member
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    KANSAS CITY, Mo. — The conventional wisdom has been that gasoline shot to about $4 a gallon because the price of oil soared.

    But oil refinery profits also have doubled, making that another big reason people are paying more at the pump.

    For refineries, their margin is the difference between what they pay for crude oil and what they get for the wholesale gasoline and other products. Those margins have been gradually rising this year and recently were more than double what they were a year ago, when they were 38 cents for a gallon of gasoline.

    http://www.knoxnews.com/news/2011/may/17/oil-refiners-big-profits-help-keep-gasoline-prices/
     
  8. Salty

    Salty 20,000 Posts Club
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    You would think of the several oil companies - at least one would sell chepaer gas.



    and even with the net profit indicated in the link (if correct) - that is about the same as the direct tax on gas - NOT 3 X's
     
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